Enhanced Price Target Snapshot
Sit up and take notice as the price target for Mahindra & Mahindra (NSEI:M&M) experiences a thrilling hike, shooting up by a significant 5.68% to a commendable 1,903.06 / share. This uplift, dated January 16, 2024, marks a stark contrast from the prior estimate of 1,800.77.
Analysts have spoken, and this revised price target, derived from a spectrum of estimates, spans from a respectable low of 1,215.03 to an ambitious high of 2,336.25 / share. Even more intriguing is how this average price target actually represents a slight 1.41% decrease from the latest closing price of 1,930.20 / share.
A Steady Dividend Yield
Mahindra & Mahindra Maintains 0.84% Dividend Yield
At current evaluations, the company continues to boast a steadfast dividend yield of 0.84%.
Dive deeper into the data, and you’ll find the dividend payout ratio resting at a mere 0.16, shedding light on how much of the company’s income goes into dividend payouts. Understanding the payout ratio is crucial – a value exceeding 1 denotes the company delving into its savings to sustain dividends, which is hardly a rosy scenario. In contrast, businesses with limited growth potential often funnel most of their earnings into dividends, typically reflecting a payout ratio between 0.5 and 1.0. On the flip side, companies with promising growth prospects tend to reserve earnings to reinvest, showcasing a prudent payout ratio of zero to 0.5.
Encouragingly, the company’s 3-Year dividend growth rate stands at a respectable 5.91%, a testament to its praiseworthy upward trajectory in dividend offerings.
Diving into Fund Sentiment
What is the Fund Sentiment?
A thorough examination reveals that a whopping 231 funds or institutions have divulged their positions in Mahindra & Mahindra, showcasing an increase of 11 owner(s) or a solid 5.00% surge in the past quarter. Peruse the statistics further, and you’ll discover that the average portfolio weight across all funds dedicated to M&M now stands at a noteworthy 0.65%, escalating by an impressive 5.61%. Furthermore, total institutional shares owned surged by a commendable 7.84% over the past three months, now resting at 115,312K shares.
Insight into Other Shareholders
VEIEX – Vanguard Emerging Markets Stock Index Fund Investor Shares proudly holds 12,826K shares, constituting a commendable 1.15% ownership of the company. Delve into the recent filing, and you’d observe that the firm disclosed an ownership of 12,865K shares previously, signaling a modest 0.31% decrease. Impressively, the firm augmented its portfolio allocation in M&M by an impressive 10.29% in the last quarter.
VGTSX – Vanguard Total International Stock Index Fund Investor Shares secured 12,734K shares, reflecting a solid 1.14% ownership of the company. A closer look back reveals that the firm previously reported owning 12,543K shares, indicating a commendable 1.50% increase. Interestingly, the firm ramped up its portfolio allocation in M&M by a commendable 10.02% over the last quarter.
IEMG – iShares Core MSCI Emerging Markets ETF embraced 8,566K shares, equating to a promising 0.77% ownership of the company. In comparison to its prior filing, the firm had 8,551K shares in possession, translating to a modest 0.18% increase. Evidently, the firm augmented its portfolio allocation in M&M by a respectable 3.24% over the last quarter.
INDA – iShares MSCI India ETF clinched 5,577K shares, denoting a valuable 0.50% ownership of the company. If you mull over its prior filing, the firm reported a holding of 5,603K shares, showcasing a notable 0.47% decrease. However, the firm retrenched its portfolio allocation in M&M by an earnest 3.24% over the last quarter.
QCSTRX – Stock Account Class R1 netted 4,917K shares, resulting in a commendable 0.44% ownership of the company. Reflect on the prior filing, and you’d discern that the firm previously owned 4,009K shares, indicating an astonishing 18.45% increase. Astoundingly, the firm magnified its portfolio allocation in M&M by a staggering 36.11% over the last quarter.
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This narrative was first featured on Fintel.
The perspectives conveyed in this article are that of the author alone and may not necessarily mirror those of Nasdaq, Inc.
